Douglas H. Paal
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CrossTalk: World Without West
As the world pivots to Asia, China has its own plans for this vast region.
Source: Russia Today
As the world pivots to Asia, China has its own plans for this vast region and the world. Not satisfied with the options of either assimilating itself to the West or facing confrontation, Beijing is creating its own global system. CrossTalking with Douglas Paal, Daniel Wagner, and Richard Weitz about the Asian Development Bank, the Asian Infrastructure Investment Bank, Bretton Woods institutions, and the future of global governance.
About the Author
Distinguished Fellow, Asia Program
Paal previously served as vice chairman of JPMorgan Chase International and as unofficial U.S. representative to Taiwan as director of the American Institute in Taiwan.
- America’s Future in a Dynamic AsiaPaper
- U.S.-China Relations at the Forty-Year MarkQ&A
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Douglas H. Paal, Tong Zhao, Chen Qi, …
Recent Work
Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie India
- Managing Divergence: India’s BRICS Presidency in 2026Article
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A partnership between India, a country of subcontinental size, and Africa, a continent of fifty-four countries, may seem asymmetric until one notes that both are home to nearly the same number of people—1.4 billion. This essay spells out the existing challenges to the partnership, its optimal potential, and the possible pathways to realize it over the next quarter-century.
Rajiv Bhatia
- Emerging From the “Zombie State” of Trade Agreements: The India-EU FTACommentary
The India–EU Free Trade Agreement (FTA) is shaping up to be one of the most consequential trade negotiations, both economically and strategically. But, what’s in the agreement, what’s missing, and what will determine its success in the years ahead
Vrinda Sahai, Nicolas Köhler-Suzuki
- India’s Press Note 3 Gamble: Opening the FDI Door to ChinaArticle
On March 10, 2026, India’s Union Cabinet approved amendments to Press Note 3, a regulation that mandated government approval on all foreign direct investment (FDI) from countries sharing a land border with India. This amendment raises questions primarily about whether its stated benefits will materialize and if the risks have been adequately weighed. This piece will address the same.
Konark Bhandari
- India and a Changing Global Order: Foreign Policy in the Trump 2.0 EraResearch
Trump 2.0 has unsettled India’s external environment—but has not overturned its foreign policy strategy, which continues to rely on diversification, hedging, and calibrated partnerships across a fractured order.
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Milan Vaishnav, ed., Sameer Lalwani, Tanvi Madan, …